INSURANCE Professional Knowledge / Domain Awareness Syllabus

INSURANCE Professional Knowledge / Domain Awareness: topic-wise syllabus

1. 1

   Insurance Principles, Types, and Documents

   ~3 marks

   • Principles — Utmost Good Faith, Insurable Interest, Indemnity
   • Principles — Subrogation, Contribution, Proximate Cause, Mitigation
   • Life Insurance — Term, Whole Life, Endowment, ULIP, Money Back, Pension
   • General Insurance — Fire, Marine, Motor, Health, Personal Accident, Crop
   • Health Insurance — Individual, Family Floater, Critical Illness, Group Health
   • Documents — Proposal Form, Policy Document, Premium Receipt, Endorsement
   • Underwriting — Selection of Risk, Premium Calculation, Risk Assessment
   • Claims — Claim Process, Documents, Settlement, Disputes, Grievance
   • IRDA — Functions, Powers, Regulations, Protection of Policyholders' Interest
   • Marketing — Distribution Channels, Bancassurance, Brokers, Web Aggregators
2. 2

   Insurance Companies, Products, LIC, GIC, and IRDA

   ~3 marks

   • LIC — History, Organization, Products (Jeevan Anand, Jeevan Labh, Endowment)
   • GIC — General Insurance Corporation, Reinsurance, GIC Subsidiaries (NIC, OIC, UIIC)
   • Private Insurance Companies — HDFC Life, ICICI Lombard, Bajaj Allianz, Max Life
   • Products — LIC New Endowment, LIC Jeevan Tarang, LIC New Jeevan Shanti
   • Health Insurance Products — Star Health, Care Health, Manipal Cigna, Niva Bupa
   • Crop Insurance — PMFBY (Pradhan Mantri Fasal Bima Yojana), WBCIS, Restructured Weather
   • Motor Insurance — Comprehensive, Third-Party, Own Damage, No Claim Bonus
   • Premium Calculation — Risk Premium, Loading, Discounts, Bonus
   • Regulatory Framework — IRDA Act 1999, Insurance Act 1938
   • Penetration — Density, Premium per Capita, Global Comparison
3. 3

   Finance & Banking Awareness

   ~2 marks

   RBI, SEBI, IRDA, PFRDA

   • RBI — Functions, Monetary Policy, Repo, CRR, SLR, Open Market Operations
   • Banking — Types, Products, Priority Sector, NPA, Recovery, IBC, SARFAESI
   • Capital Market — SEBI, Stock Exchanges (BSE, NSE), Mutual Funds, IPO, FPO
   • Pension — PFRDA, NPS, APY, EPF, PPF, Atal Pension Yojana, Senior Citizens
   • Tax — Income Tax, GST, Direct vs Indirect, TDS, TCS, Advance Tax, Returns
   • — IRDA, LIC, GIC, Health Insurance, Term Insurance, ULIP
   • Financial Markets — Money Market, Capital Market, G-Secs, Bonds, Derivatives
   • Inflation — CPI, WPI, Repo Rate, Monetary Policy, Demand-Pull, Cost-Push
   • International Finance — IMF, World Bank, ADB, AIIB, NDB, SWIFT, USD Index
   • Indian Economy — GDP, Five Year Plans, NITI Aayog, GST, Budget, Schemes
4. 4

   Insurance Current Affairs, Reforms, and Recent Developments

   ~2 marks

   • IRDA Recent Guidelines — Insurance Amendment Bill, FDI, Composite Brokers
   • LIC IPO 2022 — Largest Indian IPO, Government Divestment, Valuation
   • Bancassurance — Bank Tied Agents, Insurance Marketing, SBI Life, HDFC Life
   • Penetration — Targets, Achievements, Comparison with Asian Countries
   • PMJJBY, PMSBY, APY — Government Insurance Schemes, Enrollment, Claims
   • Health Insurance — Ayushman Bharat (PMJAY), PMJAY 2.0, Hospital Network
   • Crop Insurance — PMFBY Performance, States, Premium, Claims, Issues
   • Insurtech — Digital Insurance, AI/ML in Insurance, Online Insurance, E-Insurance
   • Reinsurance — GIC Re, Foreign Reinsurers, Reinsurance Regulations
   • Recent News — IRDA Regulations, New Products, Customer Service